Case ID: W11508
Solution ID: 9009

Barnes & Noble Inc The Yucaipa Proxy Challenge Case Solution

Case Solution

Ron Burkle is certainly an activist investor and stockholder of Barnes & Noble, Inc. (BN). In September 2010, through his company, The Yucaipa Companies (Yucaipa), Burkle filed a "Definitive Proxy" to challenge BN's slate of board-of-director nominees within the approaching stockholder meeting. The proxy is created consequently of the ruling against Yucaipa with the Delaware Chancery Court concerning a suit that challenged Barnes and Noble's poison-pill provision, which prevented outsiders becoming majority stockholders. Burkle couldn't accept BN's founder, chairman and who is the owner of most stake within the organization, Leonard Riggio, concerning BN's extended-term strategy. While Burkle wanted the business to cede ground to Amazon . com . com inside the digital visitors marketplace and rather concentrate on BN's physical stores, Riggio thought the Nook eReader medicine center piece in the company's strategy. Riggio required to respond to the Yucaipa proxy inside the short-term and develop an plan of action to retain control of the business over time.


Request Case Study Solution

Prepared by MBAs and CFAs according to your requirements


Words
Pages
Upload

 

Already Registered? Login here!

 

Order Summary

SubjectNot Selected
LengthNot Selected
Deadline Not Selected
Estimated Submission On
Total 0